Canaccord Genuity Group Raises Skeena Resources (TSE:SKE) Price Target to C$17.25

Skeena Resources (TSE:SKE) had its price objective boosted by Canaccord Genuity Group from C$17.00 to C$17.25 in a report published on Tuesday morning, BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Desjardins increased their price objective on shares of Skeena Resources from C$19.75 to C$20.00 and gave the company a buy rating in a report on Wednesday, June 26th. Raymond James raised their target price on shares of Skeena Resources from C$13.00 to C$14.00 in a research note on Tuesday, April 23rd. Scotiabank decreased their price target on shares of Skeena Resources from C$14.00 to C$12.00 and set an outperform rating on the stock in a research note on Wednesday, June 26th. Finally, BMO Capital Markets raised their price objective on Skeena Resources from C$18.00 to C$20.00 and gave the company an outperform rating in a research report on Thursday, June 27th. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Skeena Resources currently has an average rating of Buy and a consensus target price of C$16.71.

Skeena Resources Stock Up 3.0 %

SKE opened at C$8.68 on Tuesday. The stock has a market cap of C$788.23 million, a price-to-earnings ratio of -6.73 and a beta of 1.68. The company has a debt-to-equity ratio of 26.00, a quick ratio of 1.55 and a current ratio of 3.86. The firm’s fifty day moving average is C$7.21 and its 200 day moving average is C$6.41. Skeena Resources has a fifty-two week low of C$4.20 and a fifty-two week high of C$9.69.

Skeena Resources (TSE:SKE) last posted its quarterly earnings results on Friday, May 10th. The company reported C($0.30) EPS for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.24). On average, sell-side analysts forecast that Skeena Resources will post -0.4862973 earnings per share for the current fiscal year.

Insider Buying and Selling at Skeena Resources

In other Skeena Resources news, Senior Officer Justin Reed Himmelright sold 8,000 shares of Skeena Resources stock in a transaction on Friday, July 19th. The shares were sold at an average price of C$8.52, for a total value of C$68,136.00. 1.79% of the stock is owned by company insiders.

Skeena Resources Company Profile

Skeena Resources Limited explores for and develops mineral properties in Canada. The company explores for gold, silver, copper, and other precious metal deposits. It holds 100% interests in the Snip gold mine comprising one mining lease and nine mineral tenures that covers an area of approximately 4,724 hectares; and the Eskay Creek gold mine that consists of eight mineral leases, two surface leases, and various unpatented mining claims comprising 7,666 hectares located in British Columbia, Canada.